Cube8

The Bancorp, Inc. has announced the creation of a new, fully dedicated fintech innovation studio: Cube8 – Where powerful ideas incubate

November 29, 2016

Set apart from the daily business operations of The Bancorp, Cube8 is a space where The Bancorp will explore unconventional–even radical–ideas in financial technologies to inspire changes or new opportunities that could enhance the organization’s business strategies, contribute to operational efficiency, and generate incremental revenue.

The fintech space continues to evolve at a rapid rate, and we envision Cube8 being at the forefront of this movement. The Bancorp has robust systems and employee expertise that make our current services for clients best in class. There is no better time than now to focus our efforts on innovation to take our businesses to the next level.

Damian Kozlowski, CEO and President at The Bancorp

Some innovations will be proprietary, while others will be worked on in conjunction with other leading fintech companies. Cube8’s initial focus will be on digital lending, digital payments, mobile payments, and blockchain technologies. The team will also work to achieve efficiencies in the Anti-Money Laundering/Bank Secrecy Act ecosystem, big data, and artificial intelligence technologies.

The Cube8 team will be led by Pete Chiccino, Chief Innovation Officer, and based in West Chester, Pa

“With the singular focus of this group, we believe that we can take truly powerful and innovative ideas and turn them into business-driving and industry-leading services for The Bancorp,” said Chiccino. “I am excited at the opportunity to lead this initiative to help define the future of The Bancorp.”